Citigroup shares might be poised for a retracement here, we can expect a selloff to take place, if we don't move back above 56.78. I'd reccomend either shorting it, or buying puts. You can buy out of the money puts and sell bear put spreads to reduce costs (vs buying at the money puts). Good luck, Ivan Labrie.
Looking at monthly ranges, we see that months with sharp selloffs, that surpass the previous true range, as measured from the open to the low, have been causing sellers to get trapped at increasingly higher prices. This is bullish and shows accumulation, and shakeouts taking place. The monthly chart shows a mode near the highs, and now we're testing support at the...
We have a few names that I think are a good buy. I'm long for a couple days in some, but now seems even safer. A 2% position on each is a good idea. Good luck, Ivan Labrie.
We have a few names that I think are a good buy. I'm long for a couple days in some, but now seems even safer. A 2% position on each is a good idea. Good luck, Ivan Labrie.
We have a few names that I think are a good buy. I'm long for a couple days in some, but now seems even safer. A 2% position on each is a good idea. Good luck, Ivan Labrie.
I'm long TSLA from here, risk is $19.83 per share. I expect a short squeeze rally to come after the merger news come out. If price drops lower, I'd look to buy near $150, but I doubt it'll happen. Long term, buying in this wide range, between 150 and 200 is possibly a great trade. Technically wise, price appears to have formed a falling wedge, maybe the last wave...
BTCCNY has a longer term uptrend, but here I'm looking at the daily linear regression channels we can draw on each swing. If you extend the lines, after a high pivot happens, you can see where price can bounce, to maintain the uptrend progress. The pink arrows show this, and the channel changes with any high pivot that is broken on retest. I think we have a...
EURCAD has found support at the lows of the day corresponding to the Brexit vote, so it's logical to expect a rally from here, back to the top of that day's range, which also nicely matches the highest volume zone, and the low of the Trump election day. This is a very critical zone, so, look to exit longs there and leave this pair be. We're better off shorting the...
USOIL is tracing a daily uptrend, and broke above the recent downtrend's linear regression channel. If we hold the current uptrend pace, we can expect the top key level resistances to be hit in a day or two. I'd assume we'll stall while holding support above the monthly downtrend mode in blue, so, I'll be monitoring the uptrend progress to add to it if viable, and...
We have an interesting juncture in Silver here. Next week, if we don't hit 16.075 on close, bear momentum validation will have failed, giving us a buy signal. This happens to match the time expiration of the recent 9 week downtrend signal, which has already exhausted it downside potential ahead of time. If we don't hit 14.881, the long term chart has a potential...
We have fulfilled my initial expected outcome (check related ideas) and broke below 'everyone's stop' like it has been customary in gold this year. I think we're in the prescence of a sideways/megaphone pattern style thing, where we have a false breakout before each turn. The arrows show the false breaks, and the green X's show the turns. I think we can expect to...
I think we can get a significant retracement in the Euro until December at least, so I'm currently long from 1.0534, risking a drop to 1.0397, and will look to manage the position and add to it on strength. The key levels here illustrate where to monitor for a reaction on retests, and can give you an idea of what to expect. After today's close, if we get a...
I highlighted the weekly support buy zones we have had in the past, as well as the curretly active one. The 8h setup I pointed at might not work with a tight stop, but it's still good to hold longs from 4950-5100 overall. Just make sure your risk, if adding new positions is 1-2% max, if price were to go against you and hit 4805.26. It really shouldn't, to conserve...
We're already positioned with longs from 1.0534 and 1.0585, and now all stops at 1.0518. The levels on chart suggest that we could expect to hit the zone I highlight with the translucid orange box on chart, between low volume resistance from the weekly and the lows of the Brexit and election days. Once we hit this level, I intend to flip short, or at least reenter...
GBPUSD has an interesting chart here, with very clear resistance levels and a stop loss level for short trades. We will be looking to short the top of the current uptrend, to rejoin the long term decline in the Pound. I think the uptrend is doomed from the get go, being a pullback in a downtrend, so, I will look to fade the rally when safe. The chart shows a...
USDJPY might have resumed the long term uptrend from the 2011 lows, so we will be looking to buy back in, after closing longs in profit for now. Watch the overhead resistance levels and study this chart. I'll update it periodically. I'd reccomend against shorting this, and would rather focus on long gold and euro, and/or Aussie. Good luck, Ivan Labrie. ps: the...
I'm monitoring oil here, I'll enter longs above Friday's close, with half position and a one average true range stop loss. I'll look to add after the close, on a new daily high, to then tighten stops under today's low. I think we might get a deal, and push prices higher, currently sentiment is mixed, but people don't think a deal to cut production is likely,...
NZDUSD has an interesting setup here. RgMov has now changed direction showing the trend is potentially down, so it might be safer to sell it at the top of the ongoing correction, to rejoin the recently started downtrend. This makes me think gold and the Euro will behave similarly, which is what I had originally thought. The dollar long term uptrend might have...